Nexa Collect
JUNE 21, 2023
If you ignore a debt collection agency, several potential consequences could affect your financial well-being and peace of mind: Persistent Contact : Debt collection agencies might persist in attempting to contact you through phone calls, letters, and possibly emails. This can be stressful and disruptive.
Nexa Collect
JUNE 23, 2023
Mental Health Issues : The combined stress, anxiety, and pressure associated with debt collection can exacerbate existing mental health issues or contribute to the development of new ones. Impact on Employment : Collections may result in loss of productivity at work or in other areas of life.
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Collection Industry News
DECEMBER 4, 2022
The phantom debt collection scheme — which used names including GAFS Group, Global Mediation Group and Mediation Services — pressured consumers to pay the false debts by threatening to take legal action against them. Request a debt validation letter. To be sure, a credit report may not show everything.
The Kaplan Group
OCTOBER 19, 2020
FDCPA ( Fair Debt Collection Practices Act). The Fair Debt Collection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. The law does not apply to collecting from businesses. Garnishment.
Taurus Collect
FEBRUARY 1, 2024
Dealing with unpaid debts can be a challenging aspect of financial management both for businesses and individuals. That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered.
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